GST payment in case of No consideration
This query is : Resolved
20 July 2020
Hello,
My Clint raise a bill to tenant for rent, but due to Covid -19 the tenant is not able to pay the same and he is demanding for waiver from rent bill. please tell me what are the implication under GST and is there waiver of GST laibility to my client. Thanks in Advance.
My Clint raise a bill to tenant for rent, but due to Covid -19 the tenant is not able to pay the same and he is demanding for waiver from rent bill. please tell me what are the implication under GST and is there waiver of GST laibility to my client. Thanks in Advance.
20 July 2020
If rent is waived no GST applicable on it.
21 July 2020
Thank you sir, plz tell me if the bill is raised but there after it is cancelled then also GST will get waived ?
24 July 2020
Yes it will be waived. Only in case of write off it will not be waived.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Long Term Service award taxability in hands of company
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
